‘Stake.com Stole My Idea:’ $580M Lawsuit Dismissed by US Judge
A FL occupant who’s demanding $580 jillion in punitive restitution from the owners of popular crypto gambling land site Stake.com has seen his typesetter's case dismissed by a federal adjudicate inwards Manhattan for jurisdictional reasons.
Christopher Freeman claims Stake.com stole his idea and he sued the website’s founders Bijan Tehrani and Edward Craven shoemaker's last year. Freeman was an investor and co-founder inward PrimeDice, a forerunner of Stake.com, according to the lawsuit.
Freeman was a puerility friend of Tehrani inwards their home land of Connecticut. The pair off go down upward PrimeDice piece ease at university, along with Aussie citizen Craven. PrimeDice was a single dice-game interface that allowed users to adventure with Bitcoin, according to courtroom documents.
PrimeDice
Freeman originally held a 20% post inwards PrimeDice, although he claims this was rock-bottom to 14% to pay back other members of the evolution team. He says he raised the idea of a cryptocurrency cassino with Tehrani and Craven in 2016, which they dismissed.
Later that year, Tehrani and Craven launched a new business concern that became Stake.com. They allegedly dissuaded Freeman from connection the adventure by locution he would experience to relocation to Australia, where Stake.com is based. They also claimed the new concern would only if business deal inwards fiat currencies.
Later, when Stake.com launched as a virtual gambling casino that included a competing online dice spirited and many other features Freeman had proposed and helped design, Tehrani and Craven affirmatively tried to assuage Freeman’s dismay at having been misled by affirming that he allay retained his stake inwards Primedice,” the cause alleged.
“Eventually, Freeman’s access to the Primedice calculate was plugged and never returned,” the case claims.
Stake.com, which boasts vocaliser Sir Francis Drake as its brand ambassador, and which sponsors English language Premier League squad Everton, was a runaway success and is now likely the biggest crypto gaming situation inward the world. The Aboriginal Australian Financial Review’s “Rich List” latterly estimated Craven’s nett worth to be over $1 billion.
Social Network Parallel
In a Sep 2022 statement, Stake.com said the allegations in the case were “internally inconsistent, intentionally misleading, and provably false.”
US District Judge Ronnie Abrams dismissed the pillowcase for the plaintiff’s nonstarter to give over(p) diversity of citizenship betwixt the parties, a requirement for a federal civil case. However, he granted Freeman allow to amend his exact within 30 days. Freeman could also select to file away a exact in Australia.
Freeman’s complaint – which reads not different The Social Network’s account statement of the conception of Facebook – alleges that Craven and Tehrani stole his thought for developing an heroic online cryptocurrency-based casino, subsequently launched Stake.com, an online cryptocurrency cassino now worth to a greater extent than a one thousand million dollars, and, through and through a serial publication of collective transfers, left him without any existent partnership stakes inward the original Primedice venture,” Abrams said.
“Although the complaint’s factual allegations related to to the purported theft of Freeman’s put to work inwards the launch of Stake.com are themselves detailed, its allegations as to the court’s case thing jurisdiction are wanting inwards vital respects.”
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